Which institutions encourage entrepreneurs to create larger firms


We develop entrepreneurship and institutional theory to explain variation in different types of entrepreneurship across individuals and institutional contexts. Our framework generates hypotheses about the negative impact of higher levels of corruption, weaker property rights and especially intellectual property rights, and a larger state on entrepreneurs who plan to grow faster. We test these hypotheses using the Global Entrepreneurship Monitor surveys in 55 countries for 2001-2006, applying a multilevel estimation framework. We confirm our main hypotheses but we find no significant impact from intellectual property rights.

Divisions: College of Business and Social Sciences > Aston Business School > Economics, Finance & Entrepreneurship
College of Business and Social Sciences > Aston Business School
Additional Information: © 2011 The Authors. IZA Discussion Papers often represent preliminary work and are circulated to encourage discussion. Citation of such a paper should account for its provisional character. A revised version may be available directly from the author.
Last Modified: 29 Nov 2023 14:18
Date Deposited: 11 Mar 2019 17:24
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Related URLs: http://ftp.iza.org/dp5481.pdf (Publisher URL)
PURE Output Type: Discussion paper
Published Date: 2011-02
Authors: Estrin, Saul
Korosteleva, Julia
Mickiewicz, Tomasz



Version: Draft Version

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